Forex Daily Forecast, Analysis and Prediction

The Australian dollar has fallen rather hard during the trading session on Tuesday to slice through the 50 day EMA.

BTC/USD: Medium-term bullish trend

GBP/USD: Strong downwards movement on a no-deal prospect with E.U.

The silver market has broken below the 50 day EMA on Tuesday, showing signs of weakness.

The S&P 500 pulled back just a bit during the trading session on Tuesday, as the market has gotten a bit ahead of itself.

EUR/USD: Medium-term bullish trend in doubt

The NASDAQ 100 rallied a bit during the trading session on Tuesday but gave back the gains towards the end of the day as we have clearly gotten a bit overdone.

The West Texas Intermediate Crude Oil market has rallied a bit during the trading session on Tuesday to break back above the 50 day EMA.

The gold markets broke down significantly during the trading session on Tuesday, slicing through the 50 day EMA.

The tight range which has developed for the USD/ZAR in the month of October may be starting to make speculators nervous.

After hitting the 4.1350 support level a few days ago the USD/MYR has developed a slight reversal and is trading near the 4.1470 juncture early this morning

In the same EUR/USD performance during last week’s trading, the pair has continued to move up since the beginning of this week’s trading.

Gold prices settled higher at the beginning of this week’s trading, despite gains being modest, as optimism regarding the fiscal stimulus law limited the bullishness of the yellow metal.

Brexit optimism remains cautious and hence, GBP/USD gains stem primarily from the weakening of the US currency.

For more than two weeks in a row, the pair attempted to rebound higher, but gains did not cross the 106.10 resistance.